BlackRock Launches Digital Entertainment and Education ETF | ETF Strategy



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black rock launched a new thematic equity ETF in Europe offering exposure to companies offering entertainment or education services through digital channels.

Evy Hambro, Global Head of Thematic and Sector Investments at BlackRock.

The iShares Digital Entertainment and Education UCITS ETF was listed on Deutsche Borse Xetra (CBUN GY) and Euronext Paris (DGGE FP) in euros as well as on SIX Swiss Stock Exchange (PLAY SW) and Euronext Amsterdam (PLAY NO) in US dollars.

The fund is linked to STOXX Global Digital Entertainment & Education Index which selects its constituents from a universe of developed and emerging market equities with market capitalizations in excess of €200 million and average daily trading volumes in excess of €1 million.

The methodology leverages FactSet’s Revere Business Industry Classification System (RBICS) to select companies that generate more than half of their revenue from more than 30 industries associated with the theme of digital entertainment and education.

Targeted industries include educational software, gaming products and services, streaming content platforms, and electronic devices, among others.

The index aims to include at least 80 constituents which are then weighted using a combination of equal weight and float-adjusted market capitalization approaches.

The ETF comes with an expense ratio of 0.40% and is classified as an Article 8 product under the European Union’s Sustainable Financial Disclosure Regulation (SFDR).

The fund is the first in Europe to combine the themes of digital entertainment and education into a single strategy. There are, however, several ETFs that target these themes individually or focus on related sub-themes such as the Metaverse, Video Games & eSports, Sports Betting & iGaming, and Educational Technology.

These include the ETC Group Global Metaverse UCITS ETF (METR), VanEck Vectors Video Gaming and eSports UCITS ETF (ESPO), Fischer Sports Betting & iGaming UCITS ETF (BETS)and Rize Education Tech and Digital Learning UCITS ETF (LERN).

Evy Hambro, Global Head of Thematic and Sector Investing at BlackRock, said: “Thematic investing is used by an increasingly diverse investor base seeking exposure to secular, disruptive and longer-term trends that are expected to define the future of the global economy. As technology continues to revolutionize the entertainment industry and the demand for digital experiences changes the way people play and learn, we worked with Qontigo to design the iShares Digital Entertainment & Education UCITS ETF, offering investors granular exposure to a rapidly changing area of ​​the global economy. »

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